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In a surprising move, Hudson’s Bay Company is selling the storied Lord & Taylor chain, which dates to 1826 in New York, to fashion rental subscription startup Le Tote for a relatively cheap $75 million upfront, and another $25 million via a promissory note in two years.
Hudson's Bay to sell Lord + Taylor for $100 million - PressReader
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Lord & Taylor sold for $100 million to clothing-rental company Le Tote - CBS News
Hudson's Bay to Sell Lord & Taylor to Le Tote for $100 Million - Bloomberg
Lord & Taylor Files for Bankruptcy as Retail Collapses Pile Up - The New York Times
What Le Tote Buying Lord & Taylor May Mean for Department Stores
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Lord & Taylor, Once-Grand Department Store, Files for Bankruptcy - WSJ
Le Tote, Lord & Taylor file for Chapter 11 - Just Style
Hudson's Bay to Sell Lord & Taylor for $100 Million
Lord & Taylor files for bankruptcy as retail collapses pile up – Orlando Sentinel